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Old 01-23-2009, 11:41 AM   #1
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How much do you pay for cashing checks in your area?

it's 2% here and it takes 30 days to get cash. at least % is not big, though delay sucks )

tell me about yours.
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Old 01-23-2009, 11:42 AM   #2
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costs nothing to deposit them in my bank... are you outside of the US?
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Old 01-23-2009, 11:42 AM   #3
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costs me zero $
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Old 01-23-2009, 11:46 AM   #4
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costs nothing to deposit them in my bank... are you outside of the US?
Eastern Europe
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Old 01-23-2009, 11:50 AM   #5
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Old 01-23-2009, 11:52 AM   #6
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Its costs me about 25 euro and thats because the teller is nice. Bigger checks usually cost about 150 euros to cash. Fuck it sucks
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Old 01-23-2009, 11:53 AM   #7
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we have drive thru banks down here so only thing it costs me is gas t get to the bank and i dont even get out of the car to deposit checks lol
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Old 01-23-2009, 12:01 PM   #8
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if I deposit them, it costs me 0
if I cash overseas checks, then 1% if lower than $1000 or 0.5% when higher than that
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Old 01-23-2009, 12:01 PM   #9
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Foreign Checks here are 31$ each.
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Old 01-23-2009, 12:09 PM   #10
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$14 for me over here...
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Old 01-23-2009, 12:14 PM   #11
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$0.00

I deposit them in the CU, and can withdraw 100% of the check, up to $1200.00, immediately.

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Old 01-23-2009, 12:16 PM   #12
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For US checks it costs me $75.
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Old 01-23-2009, 12:20 PM   #13
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up to 15€ I only use epass and have ccbill check limit at $500
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Old 01-23-2009, 04:35 PM   #14
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about 20 Euro for each check
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Old 01-23-2009, 04:38 PM   #15
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Too expensive. Gladly I haven't received any checks in a few years.
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Old 01-23-2009, 04:41 PM   #16
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I'm glad I rethought moving to Europe. Costs $0 to deposit/cash checks for me.
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Old 01-23-2009, 04:49 PM   #17
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I guess the title should have been "How much do you pay for cashing FOREIGN checks in your area?"

For a while I had a deal with my bank where I could deposit 4 cheques for a total fee of $AUD20 (about $USD13) and have the funds cleared immediately, but they decided to withdraw it.

At HSBC I pay a per-cheque fee of 0.25% of the value, with the minimum fee being $AUD10 (about $USD6.50). If the amount converts to over $AUD500 then it takes 4-6 weeks to process. (The last batch was about 2 days short of 6 weeks. )
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Old 01-23-2009, 04:52 PM   #18
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I don't think there should ever be a percentage of the check amount being charged for cashing checks. I think my rate is about 10c/check for USA checks and 5c for domestic.
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Old 01-23-2009, 04:53 PM   #19
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$0? LOL at check cashing
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Old 01-23-2009, 05:13 PM   #20
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costs $0 here..
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Old 01-23-2009, 05:31 PM   #21
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I don't think there should ever be a percentage of the check amount being charged for cashing checks. I think my rate is about 10c/check for USA checks and 5c for domestic.
WG
Even if they don't explicitly charge you a percentage it will probably be hidden in the exchange rate. For example, Westpac Australia charges a flat rate to receive a wire, while HSBC charges a percentage... seems obvious which is the better deal, but if you look at the exchange rates offered by each bank HSBC's are a fair bit better. The actual amount you receive from a conversion is very similar even though one bank is (transparently) charging a percentage based commission.

Last edited by rowan; 01-23-2009 at 05:32 PM..
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Old 01-23-2009, 05:32 PM   #22
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I've never been charged for a foreign or domestic...
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Old 01-23-2009, 07:10 PM   #23
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1-2%, for amounts up to $500 I get cash instantly...
for bigger amounts, 30 days hold until they get it approved...
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Old 01-23-2009, 10:04 PM   #24
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zero.

Only checks that cost money to cash are ones in foreign currencies since I need to pay for conversion until I opened another account to deposit euros into and I'll just keep them sitting there until the time is right to convert.
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Old 01-23-2009, 11:10 PM   #25
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costs me zero $
Do they just toss the coins at you and laugh?
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Old 01-23-2009, 11:17 PM   #26
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I just got fucked cashing Canadian check the other day.
I was selling game worn jersey on ebay. Guy sends me check from Buffalo. I deposit it in my bank, send out jersey. Then I get statement 3 weeks later that CANADIAN check has cleared and they charged me 10 bucks for it. So not only he fucked me with exchange rate, I also had to pay 10 bucks. maple leaf asshole.
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Old 01-23-2009, 11:19 PM   #27
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Well normally I cash my checks at the bank or deposit them and that's free :-)

However if I get a check and the bank is closed I go to Wal Mart and cash it. Laugh at me if you will but it's 3$ to cash it no matter how large the check is. That's a lot cheaper than most check cashing services! If it were any more expensive I would just wait until the bank is open but sometimes if I get a check on Saturday afternoon and the bank is closed I'll take the 3$ fee to cash it at wal mart so I don't have to wait until Monday
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Old 01-23-2009, 11:37 PM   #28
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For US checks it costs me $75.
Give your head a slap
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Old 01-23-2009, 11:39 PM   #29
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I just got fucked cashing Canadian check the other day.
I was selling game worn jersey on ebay. Guy sends me check from Buffalo. I deposit it in my bank, send out jersey. Then I get statement 3 weeks later that CANADIAN check has cleared and they charged me 10 bucks for it. So not only he fucked me with exchange rate, I also had to pay 10 bucks. maple leaf asshole.
Dude.Russia will always lose to Canada in gold medal hockey.fact of life
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Old 01-24-2009, 12:19 AM   #30
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here is 3%, and in some cases 30 days delay
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Old 01-24-2009, 12:27 AM   #31
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Eastern Europe
The charge ridiculous fees in E.U. for everything we in the US are used to getting for free
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Old 01-24-2009, 12:40 AM   #32
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Even if they don't explicitly charge you a percentage it will probably be hidden in the exchange rate. For example, Westpac Australia charges a flat rate to receive a wire, while HSBC charges a percentage... seems obvious which is the better deal, but if you look at the exchange rates offered by each bank HSBC's are a fair bit better. The actual amount you receive from a conversion is very similar even though one bank is (transparently) charging a percentage based commission.
That's why I have multiple currency accounts, only convert the currency when needed. Keep it in the original currency otherwise.
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Old 01-24-2009, 12:43 AM   #33
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check system sucks
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Old 01-24-2009, 12:45 AM   #34
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My foreign checks get cash for me for zero bucks out of courtesy. I have too much biz with my bank.
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Old 01-24-2009, 05:36 AM   #35
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i paid last month 16 Euros for a 100 Euro swizzerland cheque (in austria)
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Old 01-24-2009, 05:41 AM   #36
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1% or minimum 8$
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Old 01-24-2009, 05:43 AM   #37
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Old 01-24-2009, 08:19 AM   #38
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Dude.Russia will always lose to Canada in gold medal hockey.fact of life
I think canada just did in WC last year. IN CANADA! They also lost to Russians in Olympics.. So eat some russian poo and hush!
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Old 01-24-2009, 08:22 AM   #39
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$2.50 for USD checks + 30 days freeze.
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Old 01-24-2009, 08:25 AM   #40
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The last time i had a check, long time ago, i payed € 17,50 in Amsterdam
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Old 01-24-2009, 08:27 AM   #41
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Nothing. That goes for both US and CAD cheques.

0 fees = :D
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Old 01-25-2009, 01:36 PM   #42
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The banks I checked won't even let me cash checks unless I have a high risk investment with them for over a year or something of the sort plus all the fees... HAH

Only way to cash them are currency exchange places and they don't charge a fee, they just give you sucky exchange rates. There's times it equals around 5-10% fee even >_<
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Old 01-25-2009, 01:37 PM   #43
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I have never used a check cashing place. No idea.
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Old 01-25-2009, 01:42 PM   #44
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Old 01-25-2009, 02:04 PM   #45
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The banks I checked won't even let me cash checks unless I have a high risk investment with them for over a year or something of the sort plus all the fees... HAH

Only way to cash them are currency exchange places and they don't charge a fee, they just give you sucky exchange rates. There's times it equals around 5-10% fee even >_<
holly ...
what country is that?
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Old 01-25-2009, 02:28 PM   #46
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Old 01-25-2009, 02:35 PM   #47
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Old 01-25-2009, 02:42 PM   #48
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holly ...
what country is that?
Mexico - lol, our banks SUCK ass. Credit card interest is somewhere around 50% per year... really fucked up.

It might also be because I live in an area that is not used to deal with foreign currencies much. And when people receive money from the US, it's usually Western Union or direct deposits.

Last time I exchanged a CCBill check they paid me 12.50 per USD, and exchange rate was 13.50 *shrug* only use them in emergencies.
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Old 01-25-2009, 05:22 PM   #49
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Old 01-25-2009, 05:32 PM   #50
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People pay to cash their checks? What a jip.
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